Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
2020 Election Cost $14.4 Billion https://www.opensecrets.org/news/2021/02/2020-cycle-cost-14p4-billion-doubling-16/
State & Local Spending on 2022 Mid-Term Election Set to Top $16.7 Billion https://www.cnbc.com/2022/11/03/2022-midterm-electi…
Some of the worst performers today from my watchlist (I do not presently own any of these):
WPM (precious metals miner) -4.13%
DKNG (online gaming) -3.51%
OPGSX (gold miners) -3.07%
PRNEX (natural resources) -1.95%
GRES (natural resources) -1.94%
T…
Thanks @yogibearbull
One media heavy stock I’ve played with in / out the past couple years is GHC (the former Washington Post Co.) I’m currently out - or probably wouldn’t mention it. Barron’s ran a very positive story on it a year+ ago which brou…
Thanks @Mark. Enjoyed all the guffaws. But yours is good basic investment info. I’m not talking about who the audience is or whether the distinguished members here plan to view. I see a 3-ring circus shaping up and plenty of green to be made from…
When the trials start, they will likely go wall-to-wall coverage w/o commercials, so I'm not sure there's any profit-incentive here for the networks/stations or individual investors.
If anything, buy yourself a nice 12 year old scotch to savor, you…
Edit: The intense publicity surrounding this and the name calling and vitriol from both sides precludes my saying anything that would shed additional light on the subject or change a single mind. So I’ve retracted an earlier remark.
I’m somewhat in awe of these sophisticated services, being a humble do it yourself type. But I have to wonder how one might objectively evaluate the effectiveness of various schemes, plans, advisors under various market conditions and time spans? …
Fascinating stuff on Neuberger Berman where I have a significant holding (NLSAX). Had no idea of their storied past. Wikipedia: “Founded in 1939, Neuberger Berman is a privately held asset management firm, which is 100% owned by its employees.”
@hank: I’ve never built a Treasury ladder and I am loathe to let PLW do it for me. It went to the top of M*’s class by losing 3.76% in 2021, 19.97% in 2022, and 0.99% YTD. It must be a tough racket, that Treasury stuff. How much did the middling or …
Enjoy the satire @WABC
I’ve been playing games too - designed to keep fingers off. Obfuscation can be a helpful approach. If I don’t understand what’s going on, I can’t step in and try to “fix” things.
Speaking of volatility, I’m getting the sense that short sellers are currently very active in the long Treasury markets. These guys can be merciless and drive out smaller investors. I don’t know what that implies from an investment standpoint. Just…
Don’t think it is all or nothing approach. We use active managed bond funds to help us on the duration aspect of bonds.
Same here. An experienced manager best to navigate difficult waters. I tried using a 10-20 year Treasury ETF as a small hedg…
”Income investing is a myth that has been promoted for years “
That’s a bit harsh. Such companies often have certain other characteristics making them desirable additions to a portfolio. Everybody has their own approach & comfort level. I c…
I believe the risk / reward prospects for longer dated fixed income securities are not favorable at this time. Locking in duration is a gamble I’d rather not take.
Noting that Kraft-Heinz and Kellog's prices have risen by 25-30% over the past two years....you might scoff at this but I can tell you that cost increase inputs continue...I haven't seen any cost reductions at the grocery store....
I can’t say. Pret…
@hank: that’s quite a tribute to a Mercury, a brand that hotrodders loved in my teen years. It did not retain its cachet. A friend of mine got stuck with a Mercury SUV lemon, manufactured north of the border, no doubt. Once he could afford to unload…
Exited tiny position in TLH (10-20 year Treasuries) initiated a week ago. Good learning experience. Small gain. Proceeds used to establish a toe-hold in a domestic food stock I’ve owned before. Would add on weakness. Added a bit to CCOR where I…
Important point:
investors who trade directly with T. Rowe Price can open new accounts in the funds.
Don't look for these funds to be open via brokerages.
+1 @msf
I held PRHYX many years. When they announced the fund’s (second) closing over a de…
Let me add to carew388 post. I remember when "the border was open & jobs" shipped to Mexico didn't help the working man !! NAFTA I believe it went by, 1992 signed .
Not sure about the point here. But NAFTA became a dirty word for many.
Gosh, t…
SC justices can be impeached just like members of the executive branch. Don’t look to exotic cures like packing the court or limiting terms. Those end-arounds IMHJ would worsen matters and amplify the unwanted political component.
I favor impeachm…
+1
Yes - Thanks for jogging my memory. Me wonders whether rank & file in some other unions were persuaded by rhetoric that this was a dandy idea, not realizing the repercussions would be far reaching and last for many decades.
As others note …
snake in the grass
noun
A treacherous person.A deceitful or treacherous person.
Right @Derf - However, “The verb ’snake’ is also used when talking about someone behaving in a fiendish, snake-like way.” (from Dictionary.com)
Example: “He s…
@BenWP - Nice summation.
We watched it happen in slow motion. You’ve explained it much better than I could. I’ll just add that it seemed despicable at the time when several major airlines were allowed to declare bankruptcy with the obvious intent…
FD said, ”Why bring politics into an investment site when our country is divided?”
You’re right FD. On that you and I agree. Plus, there’s an OT section for those of us who want to soil our hands discussing the tortured soul.
@FD - Personal offense? None. But thanks. I appreciate the sentiment.
From your latest linked article - Why Average Investors Earn Below-Average Market Returns :
“Investor behavior is illogical and often based on emotion. That does not lead to …
FD - Please use quotation marks around or italicize my words when you quote them so readers know you’re quoting me. Thanks.
To your point … If hanging around discussion boards 15 years makes someone an expert, than over a dozen here, including my…
By electing a conscienceless snake. Simple as that. What's most depressing is the number of people who seem to like that.
That’s like saying the tap water tastes bad because there’s mud in it. What the hell caused the mud?
I’m thinking (1) the shi…
He needs to start his own new school of investing. Uncooperative pupils here.
OJ borrowed an old trick of mine. Add a humorous note at the bottom of a long confusing complex post just to see if anyone read all the way through it. :)
@hank. BF?
Benjamin Franklin (1706-1790)
On Humility …
- “Humility makes great men twice honourable “
- “To be humble to superiors is a duty, to equals courtesy, to inferiors nobleness”
- “If thou hast wit and learning, add to it wisdom and…
“I have seen a lot more investors who lag the market when they own more funds, I mean over 5-7 funds.”
Are you an investment professional? Where did you come by these individual’s performance histories? Must be from somewhere else. It’s quite ra…
Buffett's investment process is focused on purchasing companies with competitive advantages
(wide moats) at a fair price and holding them "forever."
He believes that at least 98% of people who invest should extensively diversify and not trade.
FW…
M* shows VWINX at 5.23% annually for 10 years. I hadn’t realized they hew to a 60/40 allocation until I looked tonight. Somehow thought it was more like 30/70. That 10-year average stacks up very well against similar funds. And it managed to shed …
